Overview

• The Senate approved the package 51–50 after Vice President J.D. Vance cast the tie-breaking vote and the House cleared it 218–214 following an eight-hour delaying speech by Minority Leader Hakeem Jeffries.
• It permanently extends roughly $4.5 trillion in tax cuts first enacted during Trump’s 2017–2021 term, making them a fixture of the federal code.
• Funding for the military, border security and immigrant deportations rises sharply while cuts of about $1 trillion hit Medicaid alongside reductions in nutrition assistance and renewable energy subsidies.
• By lifting the debt ceiling by $5 trillion, the measure averts a default but is expected by the Congressional Budget Office to add $3.3 trillion to the deficit over ten years.
• Opponents warn nearly 12 million Americans could lose Medicaid coverage by 2034 under the cuts and cite unified Democratic opposition and threats from Elon Musk to launch a rival ‘America Party.’